Since the cash is already available, you can avoid the complications that could arise from asset liquidation. As an executor, you have a responsibility to the beneficiaries of the estate to efficiently manage the estate's assets and make decisions that benefit the entire trust.
If you are named as an executor, you may need to liquidate some of the estate’s assets to pay off the decedent’s and estate’s financial obligations.
Specific bequests made in the will with obvious emotional attachment may be liquidated after other assets, such as stock, that have less sentimental value. You may need to liquidate assets to settle debts, or certain assets may need to be sold because the property cannot be divided or shared amongst the specified beneficiaries.
You will either need to liquidate enough assets to cover the liabilities or liquidate specific assets based on the purpose.
If estate liabilities need to be paid, try to settle those obligations using the decedent’s bank accounts.
Since the cash is already available, you can avoid the complications that could arise from asset liquidation.
When a mother passes away, the emotional repercussions will generally overshadow financial considerations. Distributing assets and settling debts can be complicated, especially since certain assets may have sentimental as well as financial value.